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The Indian Ministry of Micro, Small, and Medium Enterprise renamed MSME Registration as Udyam Registration. This registration acts as a passport for every small firm to obtain government-publicised business perks. The Ministry of MSME, the Government of India, issues an e-certificate known as the Udyam Registration Certificate. With the help of a range of benefits and schemes, it promotes the development and growth of businesses. On completion of the registration procedure, a business will be awarded a permanent identity number known as the Udyam Registration Number.
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The following are some of the advantages of Udyam Registration.
– PAN Card copy of the enterprise
– Aadhaar card copy of the Proprietor/Karta/Authorised Signatory
– Address proof of the enterprise
– Date of establishment of the enterprise
– Details of employees
– Investment and turnover details
– Bank account details
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Anyone planning to start a micro, small, or medium-sized business can register online for udyam.
Udyam Registration is a new MSME registration method introduced by the Ministry of Micro, Small, and Medium Enterprises on July 1, 2020.
In India, it is controlled under the MSMED Act 2006, which is administered by the Ministry of Micro, Small, and Medium Enterprises.
The MSME Certificate is valid for life, or until you reach the turnover bar set out in the MSMED Act.
Yes, an Aadhar Card is required for MSME registration.